In an excerpt from a CNBC interview, Donald Trump discusses his approach to trade, particularly concerning China and Canada. He highlights the trade deficit with China and their alleged role in the fentanyl crisis, stating a desire for reciprocal tariffs and suggesting potential flexibility on exemptions. Trump also accuses Canada of unfair trade practices with high tariffs on US dairy and implies their dependence on the United States, even jokingly suggesting it could become a US state. Overall, Trump signals a tough stance on trade, advocating for fairness and reciprocity while hinting at possible adjustments.